Category: CoinDesk

CoinDesk: UST Meltdown Hasn’t Spurred US Financial Stability Council Meeting: Sources

As one of crypto world’s major stablecoins – TerraUSD (UST) – slid toward disaster this week, it hasn’t triggered any meetings of U.S. government officials. Despite the recent federal stance that stablecoins could pose a rising threat to the U.S. financial system, the Financial Stability Oversight Council (FSOC) hasn’t gathered to weigh the potential hazards from UST, according to two people with knowledge of the situation.